Is Lynn Haven, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lynn Haven has remained a Seller's Market.
Housing Prices in Lynn Haven, FL
How much do homes in Lynn Haven, FL cost?
Median Sold Price
$352,400
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lynn Haven was $352,400 in June 2024, up 5.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | - | N/A |
2 Bedrooms | $210K | $235K | +11.9% |
3 Bedrooms | $292.2K | $314.5K | +7.6% |
4 Bedrooms | $375K | $375K | 0.0% |
5+ Bedrooms | $493K | $489K | -0.8% |
Summary: Lynn Haven housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
Lynn Haven | $334.2K | $352.4K | +5.4% |
Panama City | $341.4K | $345K | +1.0% |
Southport | $475K | $461.3K | -2.9% |
Housing Supply in Lynn Haven, FL
How many homes are available in Lynn Haven, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
170 | 165 | -2.9% |
Summary: The Lynn Haven real estate market had 165 homes for sale in June 2024, a 2.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 80 | 75 | -6.3% |
4 Bedrooms | 69 | 69 | 0.0% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Lynn Haven housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
37 | 31 | -16.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Lynn Haven in June 2024, down by 16.2% month-over-month. Of the 31 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% were sold over asking.
Days on Market for Lynn Haven, FL
How long does it take to sell a home in Lynn Haven, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
49 Days | 52 Days | +5.5% |
Summary: Homes in Lynn Haven had an average of 52 days on market in Jun 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 31 homes were sold in Lynn Haven; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.